Unum Group (NYSE:UNM) Position Increased by International Assets Investment Management LLC

International Assets Investment Management LLC raised its holdings in shares of Unum Group (NYSE:UNM) by 5,844.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 101,048 shares of the financial services provider’s stock after buying an additional 99,348 shares during the period. International Assets Investment Management LLC owned about 0.05% of Unum Group worth $6,006,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Versant Capital Management Inc grew its position in Unum Group by 361.5% during the 2nd quarter. Versant Capital Management Inc now owns 503 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 394 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in Unum Group during the 2nd quarter worth approximately $26,000. Salomon & Ludwin LLC purchased a new position in Unum Group during the 1st quarter worth approximately $28,000. 1620 Investment Advisors Inc. purchased a new position in Unum Group during the 2nd quarter worth approximately $29,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Unum Group during the 3rd quarter worth approximately $37,000. 86.57% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Unum Group news, CEO Richard P. Mckenney sold 67,795 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $54.98, for a total transaction of $3,727,369.10. Following the completion of the transaction, the chief executive officer now owns 1,065,868 shares of the company’s stock, valued at $58,601,422.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Unum Group news, EVP Timothy Gerald Arnold sold 10,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $54.11, for a total transaction of $541,100.00. Following the completion of the transaction, the executive vice president now owns 64,821 shares of the company’s stock, valued at $3,507,464.31. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard P. Mckenney sold 67,795 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $54.98, for a total transaction of $3,727,369.10. Following the transaction, the chief executive officer now directly owns 1,065,868 shares of the company’s stock, valued at approximately $58,601,422.64. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.93% of the company’s stock.

Unum Group Stock Down 0.3 %

UNM stock opened at $64.21 on Friday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.33. Unum Group has a 1 year low of $41.75 and a 1 year high of $64.91. The company has a fifty day simple moving average of $58.61 and a 200 day simple moving average of $54.44. The firm has a market cap of $12.16 billion, a PE ratio of 9.56, a PEG ratio of 0.91 and a beta of 0.77.

Unum Group (NYSE:UNM) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.04. Unum Group had a net margin of 10.40% and a return on equity of 15.55%. The business had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the previous year, the business earned $1.94 EPS. Unum Group’s quarterly revenue was up 4.0% compared to the same quarter last year. Sell-side analysts anticipate that Unum Group will post 8.49 EPS for the current fiscal year.

Unum Group declared that its board has initiated a stock repurchase program on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire up to 10% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Unum Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 25th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Friday, October 25th. Unum Group’s dividend payout ratio is 24.96%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. UBS Group upgraded shares of Unum Group to a “hold” rating in a research report on Wednesday, October 9th. Piper Sandler reiterated an “overweight” rating and set a $66.00 price objective (up from $64.00) on shares of Unum Group in a research report on Friday, September 27th. Wells Fargo & Company lifted their target price on shares of Unum Group from $69.00 to $71.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Evercore ISI lifted their target price on shares of Unum Group from $59.00 to $66.00 and gave the company an “in-line” rating in a research note on Wednesday. Finally, Jefferies Financial Group lifted their target price on shares of Unum Group from $63.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $65.64.

Unum Group Profile

Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom, Poland, and internationally. It operates through Unum US, Unum International, Colonial Life, and Closed Block segment. The company offers group long-term and short-term disability, group life, and accidental death and dismemberment products; supplemental and voluntary products, such as individual disability, voluntary benefits, and dental and vision products; and accident, sickness, disability, life, and cancer and critical illness products.